- Updated: June 19, 2024 to include additional Tesla models.
- Updated April 2, 2024 to include Acura ZDX, Chevrolet Equinox EV.
- Updated March 12, 2024 to include the Chevrolet Blazer EV.
- Updated March 6, 2024 to include certain Nissan, Cadillac, Honda, Audi and additional VWs.
- Updated January 24, 2024 to add certain VW vehicles.
Earlier this year we shared new, stricter rules for vehicles to qualify for a federal clean vehicle tax credit. It's meant fewer vehicles qualify but the list is growing from its initial list at the beginning of the year. Here's a brief look at the changes that went into effect January 1st.
New Tax Credit Rules for 2024
Point of Sale Tax Credits - Good News For Consumers
Effective January 1st, a new rule allows point of sale federal tax credits. This is good news for car buyers as it means they don't have to wait until they file their taxes to get the credit. They can get the credit at the participating dealership when they buy the vehicle.
Tighter Battery Component Rules Mean Fewer Vehicles Quality
The EV tax credit already had rebate guidelines for batteries sourced and built in America (or in a country with which we have a free trade agreement.) In 2024, regulations take it to the next level with a new provision that disqualifies any vehicle containing battery components from a so-called “foreign entity of concern” (FEOC). China is considered a FEOC. The rule expands to battery minerals in 2025.
Updated List Of Eligible Vehicles
As of June 17, 2024, these are the vehicles that qualify for either a full $7,500 or partial $3,750 credit.
On March 6, 2024, Nissan announced that 2024 LEAF vehicles sold on or after March 6t, 2024 have regained tax credit eligibility and may be eligible for part of the U.S. federal EV tax credit.
Here is the current fueleconomy.gov list as of 6/17/2024.
All-Electric Vehicles
Up to 7,500 Credit
- Acura ZDX (2024) ($80,000 MSRP limit)
- Cadillac LYRIQ (2024) ($80,000 MSRP limit)
- Chevrolet Blazer EV (2024) ($80,000 MSRP limit)
- Chevrolet Bolt EV (2022-2023) ($55,000 MSRP limit)
- Chevrolet Bolt EUV (2022-2023) ($55,000 MSRP limit)
- Chevrolet Equinox EV (2024) ($80,000 MSRP limit)
- Ford F-150 Lightning Extended Range Battery (2022-2024)($80,000 MSRP limit)
- Ford F-150 Lightning Standard Range Battery (2022-2024)($80,000 MSRP limit)
- Honda Prologue (2024) ($80,000 MSRP limit)
- Tesla Model 3 Long Range All-Wheel Drive (2024) ($55,000 MSRP limit)
- Tesla Model 3 Performance (2023-2024) ($55,000 MSRP limit)
- Tesla Model X Long Range (2023-2024) ($80,000 MSRP limit)
- Tesla Model Y All-Wheel Drive (2024) ($80,000 MSRP limit)
- Tesla Model Y Long Range All-Wheel Drive (2023-2024) ($80,000 MSRP limit)
- Tesla Model Y Performance (2023-2024) ($80,000 MSRP limit)
- Tesla Model Y Rear-Wheel Drive (2024) ($80,000 MSRP limit)
- ID.4 AWD PRO (2023-2024) ($80,000 MSRP limit)
- ID.4 AWD PRO S (2023-2024) ($80,000 MSRP limit)
- ID.4 AWD PRO S PLUS (2023-2024) ($80,000 MSRP limit)
- ID.4 PRO (2023-2024) ($80,000 MSRP limit)
- ID.4 PRO S (2023-2024) ($80,000 MSRP limit)
- ID.4 PRO S PLUS (2023-2024) ($80,000 MSRP limit)
- ID.4 STANDARD (2023-2024) ($80,000 MSRP limit)
- ID.4 S (2023-2024) ($80,000 MSRP limit)
Up to $3,750 Credit
- Nissan LEAF S (2024) ($55,000 MSRP Limit)
- Nissan LEAF SV PLUS (2024) ($55,000 MSRP Limit)
- Rivian R1S Dual Large (2023-2024) ($80,000 MSRP limit)
- Rivian R1S Dual Standard (2024) ($80,000 MSRP limit)
- R1S Dual Standard+ (2024) ($80,000 MSRP limit)
- R1S Performance Dual Standard+ (2024) ($80,000 MSRP limit)
- Rivian R1S Quad Large(2023-2024) ($80,000 MSRP limit)
- Rivian R1T Dual Large (2023-2024) ($80,000 MSRP limit)
- Rivian R1T Dual Max (2023-2024) ($80,000 MSRP limit)
- Rivian R1T Dual Performance Large (2023) ($80,000 MSRP limit)
- Rivian R1T Dual Standard (2024) ($80,000 MSRP limit)
- Rivian R1T Dual Standard+ (2024) ($80,000 MSRP limit)
- R1T Performance Dual Standard+ (2024) ($80,000 MSRP limit)
- Rivian R1T Quad Large (2023-2024) ($80,000 MSRP limit)
Plug-in Hybrid Vehicles
Up to $7,500 Credit
- Chrysler Pacifica Plug-in Hybrid (2022-2024) ($80,000 MSRP limit)
Up to $3,750 Credit
- Audi Q5 PHEV 55 TFSI eQuattro (2023-2024) ($80,000 MSRP limit)
- Audi Q5 S Line Q5 S Line TFSI eQuattro (2023-2024) ($80,000 MSRP limit)
- Ford Escape Plug-in Hybrid (2022-2023) ($80,000 MSRP limit)
- Jeep Grand Cherokee PHEV 4xe (2022-2024) ($80,000 MSRP limit)
- Jeep Wrangler PHEV 4xe (2022-2024) ($80,000 MSRP limit)
- Lincoln Corsair Grand Touring (2022-2024) ($80,000 MSRP limit)
For complete Clean Vehicle Tax information including eligibility requirements visit the IRS website here →
